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  • Understanding The Pari Passu

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    Amelia Monicasari
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    The document analyzes the complexities surrounding the interpretation of pari passu clauses in sovereign debt instruments. Pari passu clauses aim to ensure equal treatment of all creditors but have been subject to varying interpretations. The author examines court cases where these clauses have been central to default disputes and how different courts have approached determining their meaning and legal effect. Understanding pari passu clauses remains an intricate subject for those involved with sovereign debt restructurings and litigation.

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    Understanding the Pari Passu

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    The document analyzes the complexities surrounding the interpretation of pari passu clauses in sovereign debt instruments. Pari passu clauses aim to ensure equal treatment of all creditors but have been subject to varying interpretations. The author examines court cases where these clauses have been central to default disputes and how different courts have approached determining their meaning and legal effect. Understanding pari passu clauses remains an intricate subject for those involved with sovereign debt restructurings and litigation.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    22 views21 pages

    Understanding The Pari Passu

    Uploaded by

    Amelia Monicasari
    The document analyzes the complexities surrounding the interpretation of pari passu clauses in sovereign debt instruments. Pari passu clauses aim to ensure equal treatment of all creditors but have been subject to varying interpretations. The author examines court cases where these clauses have been central to default disputes and how different courts have approached determining their meaning and legal effect. Understanding pari passu clauses remains an intricate subject for those involved with sovereign debt restructurings and litigation.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    Understanding the Pari Passu Clause in Sovereign Debt Instruments: A Complex Quest

    Author(s): Rodrigo Olivares-Caminal


    Source: The International Lawyer, Vol. 43, No. 3 (FALL 2009), pp. 1217-1236
    Published by: American Bar Association
    Stable URL: http://www.jstor.org/stable/40708204
    Accessed: 19-05-2018 10:38 UTC

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